Capitol Hill Multifamily
For Sale
$1,600,000
1060 N Pennsylvania Street, Denver, CO 80203
Historic charm meets strong cash flow in Denver's Capitol Hill.
Property Size4,653 SF
Days on Market192
Property Features for 1060 N Pennsylvania Street
General Information
Standard status
Active
Size
4,653 SF
Property subtype
Multi Family
Site & Location
Neighborhood
Capitol Hill
Taxes and HOA fees
Annual Taxes
$7,787
Building Details
Building Size
4,653 SF
Year Built
1892
Listing Agency:
Verity Real Estate
Listed By:
Lisa Nicholaides · License #100036138
(303) 638-9038
Source:
Eliselosassore
Added: Apr 23
Changed: Oct 31
Last Checked: Oct 30 at 9:58PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Verity Real Estate
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Investment Insights
Based on property information with market context.
This multifamily property is located in the Capitol Hill neighborhood. The property features a converted mansion with a stone exterior, stained glass windows, balconies, and a front porch. There are seven units in total, with five units in the main residence and two units in a detached carriage house. Residents have access to a shared community laundry in the basement and a private courtyard/garden area. The property has undergone system upgrades, including a new boiler in 2024, updated interior gas lines, and main water lines. The property is located near public transportation, parks, dining, and urban amenities. The property has a bike score of 98, a walk score of 91, and a transit score of 49.
Key Highlights
- Strong In‑Place Income and Proven Cash Flow Performance
- Seven Units providing diversified income streams (five in main residence, two in detached carriage house)
- Recent Major System Upgrades: New Boiler (2024), Updated Gas and Water Lines
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$70,649
Cap Rate
4.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,412,980
$1.4M
Cap Rate 7%
$1,009,271
$1.0M
Cap Rate 9%
$784,989
$785.0K
Market Conditions
NOI Build-Up for 4,653 SF
Gross rent
$136.8K $29.40/SF
− Vacancy
−$8.3K −$1.79/SF
EGI
$128.5K $27.61/SF
− OpEx
−$57.8K −$12.42/SF
NOI
$70.6K $15.18/SF
Area
Denver, CO
Vacancy
6.10%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,412,980
Cap Rate 7%
$1,009,271
Cap Rate 9%
$784,989
Alternative Uses
Best Use
Apartment 5plus
$1.01M
$883.1K – $1.18M
NOI $70,649 @ 7.0% cap · market cap 4.42%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.48M
$1.30M – $1.73M
NOI $103,685 @ 7.0% cap · market cap 6.48%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
8,282
Businesses Nearby
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Business Placement
Demographics for 80203, CO
22,883
Population
16,887
Households
1.4
Avg Household Size
33
Median Age
69%
College-Educated
97%
High-School Grad
1.1 sq mi
ZIP Area
20,803
Density / Sq Mi
$74,654
Median Household Income
$59,229
Median Earnings
$1,569
Median Rent
$462,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Historic charm meets strong cash flow in Denver's Capitol Hill.
Where is this apartment building located?
The property is located at 1060 N Pennsylvania Street Denver, CO.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Strong In‑Place Income and Proven Cash Flow Performance; Seven Units providing diversified income streams (five in main residence, two in detached carriage house); Recent Major System Upgrades: New Boiler (2024), Updated Gas and Water Lines
